Case Study :: Just Born Candies – Bethlehem

Property:
Just Born Candies
4000 Township Line Road
Bethlehem, Pennsylvania

Assignment:
– Site Selection for a new 500,000 SF +/- Class A warehouse distribution building in Lehigh Valley
– Identified existing building and build-to-suit opportunities in Lehigh Valley area
– Completed competitive bid process and economic comparative analysis

Challenges:
– Capital markets financing
– Completing negotiations in declining real estate market

Conclusion:
– Secured purchase of an existing investment grade warehouse at a significant discount to replacement cost
– Closed June 2009